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Category: Currency News

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  • Currency News
  • Currency News

Rupee falls 35 paise to hit all-time low of 83.48 against US dollar

Rupee falls 35 paise to hit all-time low of 83.48 against US dollar The rupee had earlier recorded its lowest closing level of 83.40 on December 13, 2023. According to Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas, the US dollar strengthened on weak euro and pound.

Mar 22
  • Currency News

Indian rupee retreats from six-month high on likely central bank intervention

Indian rupee retreats from six-month high on likely central bank intervention The rupee was at 82.7750 against the U.S. dollar as of 10:25 a.m. IST, up 0.05% compared with its close of 82.8225 in the previous session.

Mar 07
  • Currency News

Buy EURINR; target of : 89.40 : February 15, 2024: ICICI Direct

Buy EURINR; target of : 89.40 : February 15, 2024: ICICI Direct ICICI Direct, Euro gained by 0.18% yesterday amid weak dollar and optimistic global market sentiments.

Feb 15
  • Currency News

Rupee rises 5 paise to close at 83.03 against US dollar

Rupee rises 5 paise to close at 83.03 against US dollar Forex traders said strength of the American currency in the overseas market and elevated crude oil prices weighed on the local unit and restricted a sharp uptick.

Feb 14
  • Currency News

Sell EURINR; target of : 88.80 : February 14, 2024: ICICI Direct

Sell EURINR; target of : 88.80 : February 14, 2024: ICICI Direct ICICI Direct, Euro slipped by 0.60% yesterday due to strong dollar and risk aversion in the global markets.

Feb 14
  • Currency News

Sell USDINR; target of : 82.90 : February 13, 2024: ICICI Direct

Sell USDINR; target of : 82.90 : February 13, 2024: ICICI Direct ICICI Direct, Rupee ended little changed yesterday ahead of Inflation data from India and US. Further, rupee gave up most of its early gains amid uptick in dollar, surge in crude oil prices and risk aversion in the domestic market.

Feb 13
  • Currency News

Rupee rises 7 paise to close at 82.91 against US dollar

Rupee rises 7 paise to close at 82.91 against US dollar Finance Minister Nirmala Sitharaman on Thursday hiked capital expenditure by 11 per cent for the next fiscal to sustain a world-beating economic growth rate while trimming the deficit in a reform-oriented interim budget.

Feb 02
  • Currency News

Rupee ends higher, but snaps two-week winning streak

Rupee ends higher, but snaps two-week winning streak A reassessment of rate cut expectations in the United States supported the dollar this week and led to a rise in U.S. bond yields, aided by strength in U.S. economic data.

Jan 19
  • Currency News

Option traders take risky bets on unusually calm rupee

Option traders take risky bets on unusually calm rupee The cohort are essentially making a bet that the Reserve Bank of India will continue to keep a tight grip on the currency as it seeks to contain volatility and slow its decline past a record low

Dec 15
  • Currency News

Sell USDINR; target of : 83.22 : November 29, 2023: ICICI Direct

Sell USDINR; target of : 83.22 : November 29, 2023: ICICI Direct ICICI Direct, Rupee appreciated yesterday amid weakness in dollar. Further, FII inflows and rise in risk appetite in the domestic markets supported rupee.

Nov 29

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